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Which of the following is a required disclosure in the income statement when reporting a change in accounting principle?
Debt
Money owed by one party to another under conditions of repayment.
Shipping Dock
A platform situated at the edge of a warehouse or facility where goods are loaded onto or unloaded from vehicles or ships.
Guarantee Payment
A promise or assurance, typically by a third party, to assume responsibility for another's debt or obligation if they fail to fulfill it.
Lien
A legal right or interest that a lender or service provider has on another's property, until a debt relating to that property is paid in full.
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